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BEIJING, April 4 (Xinhua) -- The import and export of electronic and information products in China went down 30.3 percent year on year in the first two months, data released by the Ministry of Industry and Information Technology showed on Friday. The combined import and export value was 87.61 billion U.S. dollars through January to February. In breakdown, export fell 26.1 percent from the same time a year ago to 53.55 billion U.S. dollars. Import was down 36.07 percent to 34.06 billion U.S. dollars. The import value of LCD panel, a main component in flat-panel television, declined 48.8 percent to 1.82 billion U.S. dollars. The export value of processing trade with imported material, which comprised more than two thirds of the total export, was down 25.4 percent to 37.86 billion U.S. dollars. China's export, a driving force of the world's third largest economy, plummeted 25.7 percent year on year in February, the worst decline in more than a decade, as global demand deteriorated amid the deepening recession.
PYONGYANG, April 13 (Xinhua) -- Li Jinhua, vice chairman of the Chinese People's Political Consultative Conference (CPPCC), on Monday met with Kim Wan Su, director of the secretariat of the Central Committee of the Democratic Front for the Reunification of the Fatherland (CCDFRF) of the Democratic People's Republic of Korea (DPRK). Li, who is heading a CPPCC delegation on a visit to the DPRK, said at the meeting that this year marks the 60th anniversary of the establishment of diplomatic ties between the two countries, and the visit was also one of the major events of the China-DPRK friendship year. Li Jinhua (L), vice chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), meets with Kim Wan Su, chief of the Secretariat of the Central Committee of the Democratic Front for the Reunification of the Fatherland of the Democratic People's Republic of Korea (DPRK) in Pyongyang, capital of DPRK, April 13, 2009.The visit came just after the end of the first session of the 12th Supreme People's Assembly of the DPRK. On behalf of the CPPCC, Li congratulated on Kim Jong Il's reelection as chairman of the DPRK's National Defense Commission. Kim Wan Su said DPRK-China friendship has had deep historical groundwork, and the recent years have witnessed further development of DPRK-China friendship. The CCDFRF would like to further improve exchanges and cooperation with the CPPCC and make greater contributions to the friendship of the two countries, he said.

BEIJING, April 3 (Xinhua) -- After a mere four-and-a-half hours, world leaders at the G20 summit in London decided to devote about 1 trillion U.S. dollars to supporting world economic growth and trade, an outcome that surprised many analysts with its scale. But in that scant time, China had a chance to showcase its growing importance in the world economy. China said it would contribute 40 billion U.S. dollars to the International Monetary Fund's (IMF) increased financing capacity. That's only a small portion of the total, but it could take China's IMF voting rights from to 3.997 percent from 3.807 percent. China's new voting share would still far behind that of the United States, which is first with about 17 percent. However, since many countries' voting shares in the IMF are well under 1 percent, any incremental change gives a member just a little extra say in the workings of the multilateral organization. And so the potential change is a small step toward China's goal of having more influence on how the IMF, and the world financial system, operates. HIGHER FINANCIAL STATUS Economists said China's proposed contribution of 40 billion U.S. dollars was in line with its current development level and would mean a more influential voice for Beijing in international financial institutions and in shaping the world economic order. "China's promise of extra funding was a contribution to the world economy and showcased the country's clout," said Zhao Jinping, an economist with the State Council's (cabinet's) Development Research Center. Tang Min, deputy secretary general of the China Development Research Foundation, said the country's voting rights and quota of contributions to multilateral bodies still fell short of its status as the world's third-biggest economy. He said China would further step up its contributions, and influence, as its economic power grew and reforms of the international financial system went forward. Zhao said it was part of a long-term trend for developing countries like China to have more influence in decision-making at international financial institutions, noting that the "obsolete mechanism and structure of world financial organizations" failed to reflect an evolving world economy. British special G20 envoy Mark Malloch-Brown was quoted in the China Securities Journal on Thursday as saying that an overhaul of the world financial system should start with international financial institutions and reforming the IMF meant China's voice must be bigger. The G20 leaders' statement was a "positive signal" in that it gave a timetable for reforming the IMF and the World Bank, said Zhang Bin, an expert with the Institute of World Economics and Politics at the Chinese Academy of Social Sciences, a government think tank. Zhao said China's obligations to international financial institutions should reflect not just the country's size but also the fact that China is still a developing country. He urged China to expand its influence by actively joining multilateral or regional dialogues and offering more proposals on international issues. "It should be a step-by-step process for China to shoulder more responsibility. It can't be accomplished in just one move," said Zhao. LONG ROAD TO REFORM Be it "a turning point," as U.S. President Barack Obama stated, or "a new world order," as British Prime Minister Gordon Brown claimed, the G20 summit was a major step in reshaping the global financial system, but there was still far to go, Chinese economists said. "China should seek to expand its IMF quota and voting rights further after the summit. Although the statement give a timetable for reform, it remains unclear whether the goal can be achieved because that would affect the interests of the United States and the European Union," said Mei Xinyu, a researcher at China's Ministry of Commerce. The G20 statement reads in part: "We commit to implementing the package of IMF quota and voice reforms agreed in April 2009 and call on the IMF to complete the next review of quotas by January 2011." "On the one hand, China could count on the IMF restructuring, and on the other hand, it may start again somewhere else. For instance, it can push forward the establishment of the 120-billion-U.S.-dollar reserve pool agreed by several East Asian countries," Mei said. Leaders of the 10 members of the Association of Southeast Asian Nations plus China, Japan and the Republic of Korea agreed last month to speed up the creation of a foreign-exchange reserve pool of 120 billion U.S. dollars to address liquidity shortages. Mei described the pool as an "Asian Monetary Fund," saying it could partly replace the IMF in Asia and help increase use of the Chinese currency in international trade. Another government economist, Wang Xiaoguang, said the agreement served as a foundation for more concrete policies to tackle the global downturn and this would be good for global stability and China's own economic recovery. Wang added that it was unrealistic to change the global financial order immediately, because it would cause conflicts among major economies. "They will rework the current system rather than introduce a new one," he said. Zhuang Jian, an economist at the Asian Development Bank, said the biggest challenge was how to implement those commitments. China should closely monitor the implementation of the agreement and decide whether its short-term objectives could be realized. "China's appeals will be discussed after the summit," he said, referring to financial market reform and the position of emerging countries in the international financial system. "I think the country will have a bigger say in the global financial system. But the G20 summit is just a forum, and if the global economy worsens, the agreement might end up as nothing more than words," he said.
BEIJING, March 14 (Xinhua) -- China will foster a number of globally competitive logistics companies by 2011, said a stimulus plan of the country's logistics industry released on the government website on Friday. All departments and local governments are urged to make efforts to achieve the goal, according to the plan, issued by the State Council, or the cabinet. It said local authorities should help logistics companies solve problems in their development, realize a 10-percent annual growth in their output and lower the proportion of logistics expenses in the country's GDP. The cabinet said in a notice that the country's logistics industry was affected by the unfolding global financial crisis. The stimulus plan was designated not only to promote its industrial upgrade but support development of other industries, expand consumption and increase employment. As a composite service industry, logistics, comprising transport, storage, information industries and freight agencies, is an important part of national economy, said the plan. The cabinet has rolled out support plans for ten industries including steel, auto and textile, targeting industrial growth, as well as restructuring and upgrading.
nturns that a retreat to narrow, short-term protectionism policies would only serve to deepen the global recession and we must not and will not allow that to happen again," said Brown. Brown said that Britain and China supported the reform of international institutions and the creation of an early-warning system for the global economy. The two countries would push these and other proposals at the London Summit of G20 nations in April, he added. Wen arrived in London on Saturday for a three-day official visit. Britain is the last leg of his week-long European tour, which began on Tuesday and has already taken him to Switzerland, Germany, the European Union headquarters in Brussels and Spain. During the visit, Wen met with people from political, business and financial circles. He also delivered a speech at the University of Cambridge. The premier is also paying a return visit for Prime Minister Gordon Brown's China tour early last year, as part of a regular high-level meeting mechanism between the two countries.
来源:资阳报